InvestorsHub Logo
Followers 163
Posts 7074
Boards Moderated 0
Alias Born 04/26/2010

Re: basserdan post# 859

Thursday, 11/06/2014 6:15:41 PM

Thursday, November 06, 2014 6:15:41 PM

Post# of 981
I meant produce the metal silver at a current loss, not net of byproducts. But, as this issue is now on the table: Q1 the POS was slightly over 20 bucks, on average. Q4 it may well be at about its current price, slightly over 15 bucks. This is a massive difference. I think the mine at LN is about 50/50, silver to other metals. Yes, I am guessing that for Q4 of 2014, they are mining silver at a huge loss, and all metals at a loss as well, throwing in the other ones. One thing we do not know is layoffs that might affect and exist for Q4.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.